What’s In This Email

• 3 Canadian AI stocks worth your attention

• Jasper businesses face a tough road to recovery after wildfires

• Camp at a Polly Pocket house

• Check out all the food at the CNE this year

• Notable Spotlight: Coors Light’s Mission to ‘Fix Tixflation’

• Notable Plug 🔌

✍️ TAKE NOTE

3 Canadian AI Stocks Worth Your Attention

Artificial intelligence (AI) continues to be a major trend in 2024, with the potential to revolutionize business practices globally. While U.S. stocks often dominate the conversation, some promising Canadian companies are benefiting from AI that is worth considering for long-term investments.

Key Takeaways

1. Propel Holdings (TSX): This small-cap stock has developed a proprietary AI-driven lending platform that significantly enhances loan underwriting for the subprime market. Propel has seen impressive revenue growth and expects continued expansion as it leverages AI to optimize its services and profitability.

2. Descartes Systems (TSX): A leader in logistics automation, Descartes uses AI to streamline operations for its customers, offering end-to-end solutions in routing, trade intelligence, and freight management. With a strong balance sheet and consistent profitability, Descartes is well-positioned for long-term growth driven by AI.

3. Constellation Software (TSX): Known for its strategic acquisitions, Constellation is quietly integrating AI into its diverse portfolio of niche software businesses. While not flashy, Constellation’s steady approach to AI, coupled with its strong historical returns, makes it a solid choice for growth-oriented investors.

Why this matters: These Canadian stocks offer unique opportunities to benefit from the AI boom while investing in companies with strong growth potential and sound business models. Whether you're looking for innovative platforms, logistics automation, or diversified software applications, these stocks provide a compelling case for adding AI-driven growth to your portfolio.

Read the full article here.

Jasper Businesses Face a Tough Road to Recovery After Devastating Wildfire

The recent wildfire in Jasper, Alberta, has left the town eerily empty and businesses in a state of uncertainty. With the tourist season at its peak, the blaze forced a mass evacuation, leaving business owners grappling with the aftermath and the complex insurance processes they now face.

Key Takeaways

• Significant Damage and Uncertainty: Many businesses, like Jasper Motorcycle Tours, have been directly damaged by the fire, with owners unsure of how or if they can restart. The widespread destruction of natural beauty is also a major concern, particularly for those whose businesses rely on showcasing Jasper's scenic landscapes.

• Financial and Emotional Impact: Even businesses that survived the fire, such as Jasper Pizza Place, face the daunting task of recovery. Owners are concerned about the long-term financial hit, as the tourism season—critical for their revenue—is now severely disrupted.

• Insurance Challenges: Business owners are finding that their business interruption insurance may not cover the losses they assumed it would. The fire has exposed gaps in their coverage, leaving many, like restaurant owner Stavro Korogonas, uncertain about their financial future.

• Overwhelming Recovery Process: For new business owners like Katrina Turcot of Jasper Raft Tours, the process of navigating insurance claims and dealing with significant financial losses is overwhelming. With much of their equipment destroyed and substantial loans to repay, the future of their business is precarious.

Why this matters: The devastation in Jasper highlights the complex challenges businesses face in the wake of natural disasters, particularly in tourism-dependent communities. As these businesses navigate insurance hurdles and financial recovery, their struggles underscore the need for more robust support systems to help them rebuild and sustain their livelihoods.


Read the full article here.

@lexihensler

Lifelong childhood dream coming true, becoming a Polly Pocket 🥲💖 @airbnb #airbnbpartner

@briansventure

Canadian National Exhibition (CNE) Food for 2024 @Canadian National Exhibition #cne #cne2024 #toronto #torontofood

Coors Light’s Mission to Fix Tixflation

Music is the language of chill, but trying to get your hands on tickets to see your favourite artists in concert can be anything but chill these days. With resale tickets being marked up by more than double their original price—158% of the original price, on average*— in a highly competitive resale market, securing tickets has become out of reach for many Canadian music lovers.

This summer, Coors Light is setting out to Fix Tixflation by rescuing overpriced and in-demand concert tickets from verified resellers and putting them back into the hands of Canadian music lovers coast to coast. 

All summer long, visit fixtixflation.ca to have a chance to score coveted tickets to see one of your favourite artists live and in concert. 

🔌 NOTABLE PLUG

🎙️ Get Into It: Conan O’Brien Needs a Friend podcast. After 25 years at the Late Night desk, Conan realized that the only people at his holiday party are the men and women who work for him. Over the years and despite thousands of interviews, Conan has never made a real and lasting friendship with any of his celebrity guests. So, he started a podcast to do just that. Deeper, unboundedly playful, and free from FCC regulations, Conan O’Brien Needs a Friend is a weekly opportunity for Conan to hang out with the people he enjoys most and perhaps find some real friendship along the way. Listen on Apple or Spotify.

📄 Notable Hires: Senior Software Developer - Backend Platform @ textnow (remote, Toronto)

🎓 Hope This Helps: KORBIT AI. Slash your code review times and eliminate more bugs with Korbit AI-powered Code Reviews. Korbit reviews your PRs, finds bugs, and explains how to fix them.

🌍 Notable Destinations: Right now, you can fly from Vancouver to Surf City, USA (Huntington Beach, California) for a sunny long weekend escape for as low as $127 round trip! Vancouver to Santa Ana, California ($127 - $780) Dates: October 4 - October 7. Click on this link to see the deal.

🧠 Today We Learned: Roald Dahl (author of Charlie and the Chocolate Factory and many other children's books) also invented a cerebral shunt that has been used to treat thousands of children with brain injuries.

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Notable Life is Canada for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.